Kate Fitzgerald is an Arizona-based senior editor for PaymentsSource. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She covered payments for SourceMedia from 2007 to 2012, and rejoined PaymentsSource in 2015. Fitzgerald is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
As U.S. counterfeit card fraud declines with the advance of EMV, researchers say fraudsters seeking richer ground are reviving a familiar card scam based on creating fake credentials, known for many years as synthetic identity fraud.
The U.S. shift to EMV technology has dramatically reduced levels of counterfeit card fraud, but merchants and the card networks are divided on whether it caused the expected shift of fraud to digital channels.
The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.